Florida Commercial Financing Law

At a glance

• Status: Law enacted

• Signed: Jun 26, 2023

• Effective: Transactions on/after Jan 1, 2024

• Who it covers: Broad — closed/open-end loans, accounts receivable purchase transactions

• Size cap: $500,000 or less

• Regulator: Enforced via FL Attorney General

Type of rules: Broad coverage · Broker rules

Key requirements

• Applies to providers with more than five qualifying transactions per calendar year in Florida.

• Total-cost disclosures at or before consummation — no APR required.

• Broker code of conduct: no advance fees, address and phone required in advertising, and no deceptive representations.

• Penalties: $500 per incident up to $20,000 aggregate; up to $50,000 for continued violations after notice.

What to watch

Home-state law for a large share of the funding industry — most South Florida shops are directly affected.

Florida coverage from Funder Intel

• Nov 14, 2026  Sham Surgery Clinics, Stolen Doctor Identities and the Identity Fraud Problem Lenders Can't Outsource

• Jul 16, 2024  Johanna Michely Garcia changed her plea in Ponzi scheme case

• Feb 20, 2024  Meet Our Esteemed Sponsors This Thursday!

• Dec 22, 2023  Are You Ready for These New Laws Jan 1, 2024?

• Jul 27, 2023  Carl Ruderman of 1 Global Capital Indicted on Fraud, Finally

• Feb 3, 2023  The Funders Forum + Brokers Expo Panel Announcement

• Apr 1, 2022  'Don't Say MCA': New Bill in Florida Being Rushed Through

Compare every state

Open the Commercial Financing Regulation Tracker map to compare all state laws side by side.

Search the Commercial Registration Database (members) to check who is registered.

Other states with laws: California · New York · Utah · Virginia · Georgia · Connecticut · Kansas · Missouri · Louisiana · Texas · Vermont · North Dakota

States with pending bills: New Jersey · Illinois · Maryland · North Carolina · Pennsylvania

Last verified October 2026. Compiled and verified by Funder Intel for general industry information. This is not legal advice. Laws change often, so check the statute and a qualified attorney before making compliance decisions.